{"id":195434,"date":"2023-11-01T13:40:51","date_gmt":"2023-11-01T13:40:51","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=195434"},"modified":"2023-11-01T13:40:51","modified_gmt":"2023-11-01T13:40:51","slug":"coinbase-launches-regulated-crypto-futures-services-for-us-retail-traders","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/coinbase-launches-regulated-crypto-futures-services-for-us-retail-traders\/","title":{"rendered":"Coinbase launches regulated crypto futures services for US retail traders"},"content":{"rendered":"
Coinbase Advanced allows retail traders in the United States access to regulated crypto futures contracts four months after Coinbase Financial Markets (CFM) secured approval to operate a Futures Commission Merchant (FCM) entity.<\/p>\n
On Aug. 17, CFM secured regulatory approval from the National Futures Association (NFA), a Commodity Futures Trading Commission-designated self-regulatory organization, to operate an FCM and offer crypto futures services to eligible U.S. traders. <\/p>\n
In details shared with Cointelegraph, CFM revealed that Coinbase Advanced customers in the U.S. can trade nano-sized futures contracts sized at 1\/100th of 1 Bitcoin (BTC) and 1\/10th of 1 Ether (ETH). As explained by Andrew Sears, the CEO of CFM:<\/p>\n
\u201cThese contracts offer lower upfront capital requirements and can be an affordable investment option for a broader range of retail customers.\u201d<\/p><\/blockquote>\n
The nano-Ether contract allows participants to manage risk, trade on margin or speculate on the price of Ether. The nano-Bitcoin contract allows users to bet on the future price of BTC.<\/p>\n
In addition to providing regulated, leveraged and cash-settled crypto futures, users will be provided access to a library of educational content via Coinbase Learn. U.S. residents with an active Coinbase account for spot trading are eligible to create an FCM futures account.<\/p>\n
The services have been launched on the web version and will soon be available on mobile devices.<\/p>\n
Related: <\/em><\/strong>Coinbase hoses down rumors of weekly withdrawal limits on Bitcoin<\/em><\/strong><\/p>\n
Coinbase\u2019s decision to launch crypto futures services seemed natural as the exchange witnessed a sharp decline in spot trading volume this year compared to 2022. <\/p>\n
An analysis from digital asset data provider CCData showed that Coinbase registered around $76 billion in spot trading volume \u2014 a 52% drop in spot trading for Q3 2023 compared to the same period in 2022.<\/p>\n
<\/p>\n
Despite the decline in spot trading volume, Coinbase gained market share in the last quarter as crypto exchange Binance came under increased scrutiny from regulators.<\/p>\n
Magazine: <\/em><\/strong>Slumdog billionaire: Incredible rags-to-riches tale of Polygon\u2019s Sandeep Nailwal<\/em><\/strong><\/p>\n